Tata Elxsi Announces Change in Key Managerial Personnel, Appointing Nalin Rana as New Chief Financial Officer
Tata Elxsi Limited announced a change in its Key Managerial Personnel, following the resignation of its Chief Financial Officer (CFO), Gaurav Bajaj. The Board of Directors placed on record its appreciation for Mr. Bajaj’s valuable contribution during his tenure.The Company confirmed that Mr. Gaurav Bajaj resigned from the position of CFO, effective from the close of business hours on May 29, 2026. His resignation stems from his decision to pursue career opportunities outside the organization.
Following the recommendation of the Nomination and Remuneration Committee (NRC), the Board of Directors approved the appointment of Mr. Nalin Rana as the new Chief Financial Officer. Mr. Rana will succeed Mr. Bajaj, with his appointment being effective from May 30, 2026.
A summary of the changes in Key Managerial Personnel is detailed below:
| Particulars | Outgoing CFO (Mr. Gaurav Bajaj) | Incoming CFO (Mr. Nalin Rana) |
|---|---|---|
| Reason for Change | Resigned to pursue opportunities outside the organization | Appointed by the Board of Directors based on NRC recommendation |
| Cessation/Appointment Date | May 29, 2026 (w.e.f. close of business hours) | Effective from May 30, 2026 |
| Experience | Not applicable (Profile not provided) | 17 years of diversified experience |
Profile of Mr. Nalin Rana
Mr. Nalin Rana brings 17 years of diversified experience across strategic finance, business planning, corporate strategy, and investment banking.Mr. Rana joined the Tata Group in 2021 and currently serves as a senior leader in the Group CFO and Group Strategy Office of Tata Sons. He is also a Member of the Board at Tata Teleservices Limited and Tata Teleservices (Maharashtra) Limited. At Tata Sons, his responsibilities span multiple business verticals, where he has spearheaded key projects in strategic analysis of businesses, investments, fund raising, and mergers and acquisitions.
Prior to joining the Tata Group, Mr. Rana was an Executive Director in the investment banking team at Standard Chartered Bank. During his tenure there, he was responsible for business development and execution, advising Indian and global clients on M&A and fund-raising transactions exceeding US$ 15 bn across multiple sectors.
Mr. Rana holds a post-graduate management degree from the Indian Institute of Management Indore and a B.Tech. in Electrical Engineering from the National Institute of Technology Silchar.
TATAELXSI Stock Price Movement
Shares of TATA ELXSI LIMITED are edging higher to ₹4204.9 as of 9:17 AM, gaining 0.28% in live trading. The stock's upward momentum is evidenced by trading activity, which has seen a volume of 706 shares traded today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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